PackageTrendsPeer
Letter portraitLegal landscape

Gardner

South Beloit, IL · Charter 66093

Q4 2002

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2002, the quarter ended December 31, 2002, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Gardner

South Beloit, IL · Charter 66093

Q4 2002

$399KAssets
$322KLoans
$357KShares
$36KNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -2.79%, down 455 bps year over year; NIM at 7.41%.
  • Asset quality: problem loans at 28.02% of loans (+1,921 bps YoY).
  • Capital: net worth / assets of 9.00%, down 128 bps from a year ago.
  • Funding: loans stand at 90.12% of shares as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-2.79%-455 bps YoY

Net Interest Margin (YTD, annualized)

7.41%-88 bps YoY

Efficiency Ratio (YTD, annualized)

87.60%+882 bps YoY

Net Worth / Assets

9.00%-128 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2001Q4 2001Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.76%0.00%-6.96%-4.43%-2.79%-455 bps
Return on Equity17.12%0.00%-95.60%-59.15%-31.02%-4,814 bps
Net Interest Margin8.29%8.21%7.64%7.13%7.41%-88 bps
Efficiency Ratio78.79%88.54%94.54%93.90%87.60%+882 bps
Growth
Asset Growth (YoY)-17.58%-18.59%-16.82%-13.03%-14.53%+305 bps
Loan Growth (YoY)31.19%19.99%13.79%-20.04%-17.77%-4,895 bps
Share Growth (YoY)-20.62%-21.55%-16.61%-11.83%-14.38%+625 bps
Asset Quality
Delinquent Loans / Loans8.81%20.04%14.86%26.08%28.02%+1,921 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans4.01%5.35%9.47%0.00%9.61%+560 bps
Capital
Risk-Based Capital10.27%9.93%7.28%7.49%9.00%-128 bps
Net Worth / Assets10.27%9.93%7.28%7.49%9.00%-128 bps
Liquidity & Funding
Loans / Shares93.83%94.12%88.89%84.95%90.12%-371 bps
Liquid Assets / Assets17.11%17.54%24.24%19.51%13.97%-315 bps